Bitcoin prices have rallied over the last few days, coming close to $55,000 and then retracing slightly, managing to keep most of their latest gains.
The digital currency rose to $54,813.03 this morning, according to CoinDesk data.
At this point, the cryptocurrency was up 11% from the intra-day low of $49,390 it hit yesterday, additional CoinDesk figures show.
After climbing to within a few hundred dollars of $55,000, the digital asset experienced a modest decline, but was trading near $54,000 at the time of this writing.
[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]
When explaining bitcoin’s latest price increases, analysts repeatedly emphasized the continued influx of notable investors like financial institutions and major companies.
“We continue to see larger players making their way into the space in 2021,” said Joel Kruger, cryptocurrency strategist at LMAX Digital.
Marc Bernegger, a board member of